News Roundup [abridged Versions Appear In The Paper Journal]

Vitamin cartel companies given record fines

BMJ 2001; 323 doi: http://dx.doi.org/10.1136/bmj.323.7324.1271 (Published 01 December 2001) Cite this as: BMJ 2001;323:1271
  1. Rory Watson
  1. Brussels

    The European Commission has imposed record fines of 855.22 million euros (£534m; $753m) on eight pharmaceutical companies for operating secret market sharing and price fixing cartels in the supply of vitamins throughout the 1990s.

    The heaviest penalty of 462 million euros was handed out to the Swiss based multinational Hoffman-La Roche. The investigators maintain that the company was the chief instigator and was involved in all 12 cartels that they uncovered. Hoffmann-La Roche is the largest vitamin producer in the world, with about half of the overall market share.

    The German company BASF, which is second in size only to Hoffman-La …

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